Canadian Natural Resources Limited (CNQ)

CA — Energy Sector
Peers: EOG  EPD  EQNR  PBR-A  ET  PBR  WMB  FANG  MPLX  KMI 

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Key Metrics & Ratings

  • symbol CNQ
  • Rev/Share 20.7674
  • Book/Share 19.5562
  • PB 2.3947
  • Debt/Equity 0.4268
  • CurrentRatio 0.8638
  • ROIC 0.1316

 

  • MktCap 97552560113.3655
  • FreeCF/Share 3.9314
  • PFCF 11.9932
  • PE 14.559
  • Debt/Assets 0.2018
  • DivYield 0.0499
  • ROE 0.1647

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 2
  • DCF Score 5
  • P/B Score 2
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade CNQ Raymond James Market Perform Outperform -- -- April 9, 2025
Upgrade CNQ Scotiabank Sector Perform Sector Outperform -- -- March 19, 2025
Upgrade CNQ Evercore ISI In-line Outperform -- -- March 7, 2025

News

November's 5 Dividend Growth Stocks With Yields Up To 6.96%
AVA, BLK, CNQ, GIS, K, MAIN, PBJ, STT, TROW
Published: November 18, 2025 by: Seeking Alpha
Sentiment: Positive

November's monthly screen brings us 25 more interesting names to consider for further due diligence, and 5 of those that we'll take a closer look at. We have a variety of names making the list this month, including a BDC, a beaten-down consumer staples company and an energy play. A couple of these this month look like they are interesting value plays for a market that looks otherwise highly stretched.

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image for news November's 5 Dividend Growth Stocks With Yields Up To 6.96%
Are Oils-Energy Stocks Lagging Canadian Natural Resources Limited (CNQ) This Year?
CNQ
Published: November 17, 2025 by: Zacks Investment Research
Sentiment: Negative

Here is how Canadian Natural Resources (CNQ) and Ultrapar Participacoes S.A. (UGP) have performed compared to their sector so far this year.

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image for news Are Oils-Energy Stocks Lagging Canadian Natural Resources Limited (CNQ) This Year?
Canadian Natural Resources: Buy This Income Powerhouse While It's Undervalued
CNQ
Published: November 11, 2025 by: Seeking Alpha
Sentiment: Positive

Canadian Natural Resources offers a 5.3% dividend yield, nearly five times that of the S&P 500, and trades at a discounted valuation. CNQ's diversified, long-life asset base, recent accretive acquisitions, and robust production growth drive strong cash flows and shareholder returns. The company maintains a BBB+ credit rating, low leverage, and a 25-year dividend growth streak, supporting income and value investors.

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image for news Canadian Natural Resources: Buy This Income Powerhouse While It's Undervalued
Canadian Natural Q3 Earnings Beat Estimates, Expenses Increase Y/Y
CNQ
Published: November 10, 2025 by: Zacks Investment Research
Sentiment: Positive

CNQ posts a Q3 earnings beat on higher output and revenue gains, while rising expenses and lower oil prices weigh on profit.

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image for news Canadian Natural Q3 Earnings Beat Estimates, Expenses Increase Y/Y
Canadian Natural Resources expects higher production, lower spending in 2026
CNQ
Published: November 07, 2025 by: Reuters
Sentiment: Positive

Canadian Natural Resources on Friday forecast a modest rise in production for 2026 while lowering total capital spending from this year's levels, signaling a continued focus on efficiency and disciplined growth.

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image for news Canadian Natural Resources expects higher production, lower spending in 2026
Canadian Natural Resources Limited (CNQ:CA) Q3 2025 Earnings Call Transcript
CNQ
Published: November 06, 2025 by: Seeking Alpha
Sentiment: Neutral

Canadian Natural Resources Limited ( CNQ:CA ) Q3 2025 Earnings Call November 6, 2025 11:00 AM EST Company Participants Lance Casson - Manager of Investor Relations Scott Stauth - President & Director Victor Darel - CFO & Principal Accounting Officer Conference Call Participants Dennis Fong - CIBC Capital Markets, Research Division Manav Gupta - UBS Investment Bank, Research Division Carlos Andres E. Escalante - Wolfe Research, LLC Greg Pardy - RBC Capital Markets, Research Division Menno Hulshof - TD Cowen, Research Division Alexa Petrick - Goldman Sachs Group, Inc., Research Division Presentation Operator Good morning.

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image for news Canadian Natural Resources Limited (CNQ:CA) Q3 2025 Earnings Call Transcript
Canadian Natural Resources (CNQ) Upgraded to Strong Buy: Here's What You Should Know
CNQ
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Canadian Natural Resources (CNQ) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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image for news Canadian Natural Resources (CNQ) Upgraded to Strong Buy: Here's What You Should Know
Canadian Natural Resources (CNQ) Q3 Earnings and Revenues Top Estimates
CNQ
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Canadian Natural Resources (CNQ) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.71 per share a year ago.

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image for news Canadian Natural Resources (CNQ) Q3 Earnings and Revenues Top Estimates
Canadian Natural to Report Q3 Earnings: What's in the Offing?
CNQ
Published: November 04, 2025 by: Zacks Investment Research
Sentiment: Positive

CNQ gears up for Q3 results as Oil Sands output rises and new Montney assets fuel potential revenue growth.

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image for news Canadian Natural to Report Q3 Earnings: What's in the Offing?
Q3 Energy Earnings: 4 Stocks That Could Surpass Forecasts
CLMT, CNQ, DK, NOG
Published: November 04, 2025 by: Zacks Investment Research
Sentiment: Positive

Energy stocks like CNQ, DK, CLMT and NOG have the potential to deliver better-than-expected Q3 earnings.

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image for news Q3 Energy Earnings: 4 Stocks That Could Surpass Forecasts
Canadian Natural Resources: The Contrarian AI Play Nobody's Talking About
CNQ
Published: October 29, 2025 by: Seeking Alpha
Sentiment: Positive

Canadian Natural provides an AI-resistant hedge with stable, non-discretionary energy demand, offering protection from tech disruption while benefiting from potential AI-driven energy consumption growth. Its long-life, low-decline oil sands assets and low breakeven ($40s WTI) ensure resilient margins and strong cash generation across commodity cycles. With 5%+ yield, 22% dividend CAGR, and a pending 100% FCF payout post $12B net debt, CNQ offers both income stability and upside.

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image for news Canadian Natural Resources: The Contrarian AI Play Nobody's Talking About
Why CNQ Stock Remains a Buy Despite a 10% Decline in a Year
CNQ
Published: October 27, 2025 by: Zacks Investment Research
Sentiment: Neutral

CNQ's 10% stock drop hasn't shaken investor confidence, as steady production and strong cash flows keep it a compelling buy.

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image for news Why CNQ Stock Remains a Buy Despite a 10% Decline in a Year
Amid Soft Prices, 3 Canadian E&P Stocks Keep Their Edge
AETUF, BTE, CNQ
Published: October 22, 2025 by: Zacks Investment Research
Sentiment: Neutral

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on shares of CNQ, AETUF and BTE.

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image for news Amid Soft Prices, 3 Canadian E&P Stocks Keep Their Edge
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
CNQ, GEV
Published: October 20, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

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image for news These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
Will Canadian Natural Resources (CNQ) Beat Estimates Again in Its Next Earnings Report?
CNQ
Published: October 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Canadian Natural Resources (CNQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Will Canadian Natural Resources (CNQ) Beat Estimates Again in Its Next Earnings Report?
CNQ vs. SU: Which Canadian Oil Giant is Worth Buying Now?
CNQ, SU
Published: October 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Canadian Natural's low-cost growth, rising production and unmatched dividend record make it the clear winner over Suncor in Canada's oil sands race.

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image for news CNQ vs. SU: Which Canadian Oil Giant is Worth Buying Now?
Should You Add Canadian Natural Stock to Your Portfolio Now?
CNQ
Published: October 14, 2025 by: Zacks Investment Research
Sentiment: Positive

CNQ's 2.4% YTD rise, robust oil sands output and more than 5% dividend yield highlight its strength as a long-term income and growth pick.

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image for news Should You Add Canadian Natural Stock to Your Portfolio Now?
Best Income Stocks to Buy for September 30th
AEG, CNQ, ECO
Published: September 30, 2025 by: Zacks Investment Research
Sentiment: Positive

ECO, CNQ and AEG made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 30, 2025.

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image for news Best Income Stocks to Buy for September 30th
Best Income Stocks to Buy for September 25th
CNQ, ECO, SFD
Published: September 25, 2025 by: Zacks Investment Research
Sentiment: Positive

ECO, CNQ and SFD made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 25, 2025.

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image for news Best Income Stocks to Buy for September 25th
4 Stocks Offering Strong Shareholder Yield for a Resilient Portfolio
BCSF, CNQ, CSX, VZ
Published: September 24, 2025 by: Zacks Investment Research
Sentiment: Positive

CNQ, BCSF, CSX, and VZ stand out with strong shareholder yield, blending income, buybacks and debt reduction for portfolio defense.

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image for news 4 Stocks Offering Strong Shareholder Yield for a Resilient Portfolio
I Am Loading Up On My Favorite Dividend Growth Stock: Canadian Natural Resources
CNQ
Published: September 23, 2025 by: Seeking Alpha
Sentiment: Positive

Discover Canadian Natural Resources Limited's 'secret sauce' that makes it a long-term winner. With 25+ years of dividend growth and a 5.5% yield, CNQ offers unmatched income and upside potential. Trading at a steep discount to its net asset value, CNQ could deliver double-digit annualized total returns for years to come.

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image for news I Am Loading Up On My Favorite Dividend Growth Stock: Canadian Natural Resources
September's 5 Dividend Growth Stocks With Yields Up To 6%
CNQ, ENB, HASI, OKE, PBA, TRP
Published: September 18, 2025 by: Seeking Alpha
Sentiment: Positive

Dividend growth stocks offer stable, growing income and potential capital appreciation, making them ideal choices for long-term investors. Every month, we screen for potential opportunities that include processing for dividend safety, growth, and consistency, then narrow the field to those that also offer relatively higher yields. The higher yields can sometimes help to highlight potential names that have simply sold off and are undervalued, though, as an initial screen, further due diligence is always necessary.

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image for news September's 5 Dividend Growth Stocks With Yields Up To 6%
Best Income Stocks to Buy for September 16th
CNQ, NBHC, ORRF
Published: September 16, 2025 by: Zacks Investment Research
Sentiment: Positive

CNQ, NBHC and ORRF made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 16, 2025.

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image for news Best Income Stocks to Buy for September 16th
Looking for Income? 3 Oil Dividend Plays Yielding Over 4%
CNQ, CVX, KMI
Published: August 29, 2025 by: Zacks Investment Research
Sentiment: Positive

CNQ, CVX and KMI present an opportunity for long-term stability and reliable returns in the volatile energy space.

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image for news Looking for Income? 3 Oil Dividend Plays Yielding Over 4%
5 Top-Ranked Efficient Stocks to Buy for Solid Gains Amid Volatility
AWI, CLS, CNQ, RL, ZWS
Published: August 27, 2025 by: Zacks Investment Research
Sentiment: Neutral

Strong efficiency ratios help spotlight ZWS, AWI, RL, CLS and CNQ as the top-ranked stocks for navigating market volatility.

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image for news 5 Top-Ranked Efficient Stocks to Buy for Solid Gains Amid Volatility
Canadian Natural Resources: Growth, Income And Cheap
CNQ
Published: August 27, 2025 by: Seeking Alpha
Sentiment: Positive

Canadian Natural Resources offers strong long-term growth potential through diversified global operations and a focus on liquids production. The firm is investing $6.05B in capital projects this year, targeting increased output and further diversification, especially in the Alberta-region. With a track record of 9% annual production growth since FY 2021, Canadian Natural Resources is a top growth play. The energy firm projects accelerating production growth in FY 2025.

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image for news Canadian Natural Resources: Growth, Income And Cheap
New Strong Buy Stocks for August 27th
BHB, CNQ, COLB, MUFG, PGY
Published: August 27, 2025 by: Zacks Investment Research
Sentiment: Positive

COLB, CNQ, BHB, MUFG and PGY have been added to the Zacks Rank #1 (Strong Buy) List on August 27, 2025.

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image for news New Strong Buy Stocks for August 27th
Best Income Stocks to Buy for August 27th
BHB, CNQ, COLB
Published: August 27, 2025 by: Zacks Investment Research
Sentiment: Positive

CNQ, COLB and BHB made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 27, 2025.

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image for news Best Income Stocks to Buy for August 27th
Canadian Natural Resources: Buy This Bargain Before The Market Wakes To Income
CNQ
Published: August 18, 2025 by: Seeking Alpha
Sentiment: Positive

Canadian Natural Resources is a compelling value and income play, trading at a low P/E with a well-covered 5.7% yield. CNQ's long reserve life, low breakeven costs, and efficient operations provide resilience and upside in a volatile energy market. Recent production growth, strategic acquisitions, and robust LNG prospects position CNQ for continued earnings and cash flow expansion.

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image for news Canadian Natural Resources: Buy This Bargain Before The Market Wakes To Income
Canadian Natural Q2 Earnings Beat Estimates, Expenses Decrease Y/Y
CNQ
Published: August 14, 2025 by: Zacks Investment Research
Sentiment: Positive

CNQ's second-quarter earnings and revenues beat estimates, but fall year over year, driven by lower realized oil and NGL prices and decreased product sales.

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image for news Canadian Natural Q2 Earnings Beat Estimates, Expenses Decrease Y/Y

About Canadian Natural Resources Limited (CNQ)

  • IPO Date 2000-07-31
  • Website https://www.cnrl.com
  • Industry Oil & Gas Exploration & Production
  • CEO Norman Murray Edwards
  • Employees 10640

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.